News : SMSF

First move on residency rules

July 28, 2023

The SMSF sector has been given an indication on the status of the changes to the superannuation residency rules via recent ATO action.

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ATO, SMSF, Superannuation, Technology

Two ESA providers to merge

Electronic service address providers merger

July 14, 2023

Jason Spits

Two electronic service address providers will merge requiring SMSFs using their messaging services to update their details with the ATO.

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Economy, Investments, SMSF, Superannuation

Imputation system changes bad for SMSFs

July 14, 2023

Todd Wills

The proposed changes to the franking credits regime could have a significant impact on SMSF trustees who rely heavily upon them.

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ATO, NALI/NALE, Property, SMSF

Property developments a NALI risk

June 30, 2023

Todd Wills

The ATO has cautioned SMSF trustees and advisers about potential NALI breaches in property development projects and, in an unrelated announcement, disqualified over 200 SMSF trustees.

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LRBA, SMSF

Interest rate pain for LRBAs

June 30, 2023

Darin Tyson-Chan

SMSF trustees using a related-party LRBA and adhering to the PCG 2016/5 safe harbour rules will be facing a significant interest rate hike in 2023/24.

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SMSF, Superannuation, Tax

Trustees dislike $3m soft cap

June 16, 2023

Darin Tyson-Chan

A recent sector survey has found nearly half of SMSF members believe the proposed $3 million soft cap is a bad policy initiative.

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ASIC, Compliance & Regulation, SMSF

Unlicensed property scheme shut down

June 16, 2023

Jason Spits

The Federal Court has ordered an unlicensed SMSF investment scheme to be wound up and a lifetime ban from managing corporations for one of its directors.

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ATO, Compliance & Regulation, SMSF